Skip to Content
Morningstar

Fletcher Building Ltd FBU

Morningstar Rating
Unlock
Stock XNZE Rating as of
NZD 3.88 −0.09 (2.27%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Fletcher Building: Interim CEO Appointed; No Change to Fair Value

Johannes Faul, Esther Holloway

Fletcher Building has appointed Nick Traber as acting CEO. Traber’s role is effective from March 29 until a permanent CEO is appointed. We think Traber looks well-placed for the position, having been CEO of the company’s concrete division since 2021. The concrete business is a strong-performing business, with EBITDA increasing by about 20% during Traber’s tenure as CEO over the past two financial years. Prior to this, Traber spent most of the past two decades in various positions with building materials company Holcim, including holding CEO roles in Europe and South America.

Read Full Report

Price vs Fair Value

View History
FBU is trading at a 35% discount.
Price
NZD 3.88
Fair Value
NZD 5.00
Uncertainty
Medium
1-Star Price
NZD 6.30
5-Star Price
NZD 3.30
Economic Moat
Tnd
Capital Allocation
Hqqftdqm

Bulls Say, Bears Say

Bulls

An improvement in the Australia business is likely to lift ROIC and increase shareholder value.

Bears

Fletcher operates in cyclical and competitive markets with minimal differentiation and is prone to periods of operating deleverage and structural margin compression

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if FBU is a good fit for your portfolio.
Get 7 Days Free

Trading Information

Previous Close Price
NZD 3.97
Day Range
NZD 3.87–4.00
52-Week Range
NZD 3.35–5.64
Bid/Ask
NZD 3.86 / NZD 3.94
Market Cap
NZD 3.04 Bil
Volume/Avg
297,262 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
18.62
Price/Sales
0.38
Dividend Yield (Trailing)
8.76%
Dividend Yield (Forward)
8.25%
Total Yield
8.76%

Company Profile

Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Having previously expanded internationally through acquisitions, operations have gradually refocused on the New Zealand and Australian businesses.
Sector
Basic Materials
Industry
Building Materials
Stock Style Box
Mid Value
Total Number of Employees
3,851
Website
https://www.fletcherbuilding.com

Competitors

Valuation

View More
Metric
FBU
BLD
HOLN
Price/Earnings (Normalized)
 18.6231.2113.57
Price/Book Value
 0.912.961.71
Price/Sales
 0.381.751.67
Price/Cash Flow
 6.8510.488.51
Price/Earnings
FBU
BLD
HOLN

Financial Strength

Metric
FBU
BLD
HOLN
Quick Ratio
 0.642.031.08
Current Ratio
 1.692.491.44
Interest Coverage
 0.395.978.05
Quick Ratio
FBU
BLD
HOLN

Profitability

Metric
FBU
BLD
HOLN
Return on Assets (Normalized)
 0.40%5.74%5.64%
Return on Equity (Normalized)
 1.02%10.99%11.43%
Return on Invested Capital (Normalized)
 0.46%8.04%8.99%
Return on Assets
FBU
BLD
HOLN
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Building Materials Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
CRH
CRH PLCQxcdnrflBhylmgc$53.3 Bil
HCMLF
Holcim LtdWjgrdvvccKlxtgj$48.8 Bil
HCMLY
Holcim Ltd ADR—Whnxqq$47.7 Bil
MLM
Martin Marietta Materials IncNndhklclgWdkmybz$36.5 Bil
VMC
Vulcan Materials CoPrywxrykhRkgskw$33.7 Bil
HDELY
Heidelberg Materials AG ADR—Btffy$18.2 Bil
HLBZF
Heidelberg Materials AGPzcdtqzmxSxpz$18.2 Bil
JHIUF
James Hardie Industries PLCZWLjd$15.5 Bil
JHX
James Hardie Industries PLC ADRKkvldvvhfKhdwh$15.5 Bil
AHCHY
Anhui Conch Cement Co Ltd ADR—Slkkff$15.4 Bil

Sponsor Center